Tokens
CPM - Common-Prosperity Money
CPM: 0xBf07507aC103292Cb451dCF5656dd429cC644f16
CPM is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol aims to maintain CPM's peg to 1 USDC token in the long run.
Note that CPM actively pegs via the algorithm, it does not mean it will be valued at 1 USDC all times as it is not collaterized . CPM is not to be confused for a crypto or fiat-backed stablecoin.
CPSHARE - Common-Prosperity Shares
CPSHARE: 0x6338d92D24e94d3A79aBC57aCB3783288Af89495
CPSHAREs are one of the ways to measure the value of the CP Finance Protocol and shareholder trust in its ability to maintain CPM close to peg. During epoch expansions the protocol mints CPM and distributes it proportionally to all CPSHARE holders who have staked their tokens in the DIVIDEND (boardroom).
CPSHARE holders have voting rights (governance) on proposals to improve the protocol and future use cases within the CP finance ecosystem.
CPSHARE has a maximum total supply of 50,001 tokens distributed as follows:
DAO Allocation: 4500 CPSHARE vested linearly over 12 months
Team Allocation: 4500 CPSHARE vested linearly over 12 months
Rewards: 41000 CPSHARE are allocated for incentivizing Liquidity Providers in two shares pools for 12 months
initial mint: 1 CPSHARE minted upon contract creation for intial pool
CPBOND - Common-Prosperity Bonds
CPBOND: 0x9Ca0e9ddA7507eF0cF8b89d53c8768149D0f13cb
CPBONDs main job is to help incentivize changes in CPM supply during an epoch contraction period. When the TWAP (Time Weighted Average Price) of CPM falls below 1 USDC, CPBONDs are issued and can be bought with CPM at the current price. Exchanging CPM for CPBOND burns CPM tokens, taking them out of circulation (deflation) and helping to get the price back up to 1 USDC. These CPBONDs can be redeemed for CPM when the price is above peg in the future, plus an extra incentive for the longer they are held above peg. This amounts to inflation and sell pressure for CPM when it is above peg, helping to push it back toward 1 USDC.
All holders are able to redeem their CPBOND for CPM tokens as long as the Treasury has a positive CPM balance, which typically happens when the protocol is in epoch expansion periods.
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